This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
Advisors: Get ready for boomer shift
Warning -- your retirement income expertise is needed. According to research from BlackRock, 70 percent of retirement-age clients would be willing to move their accounts to another firm if it offered expertise on how to avoid outliving their assets, Reuters reports. Frank Porcelli, a senior executive at BlackRock, pointed out that advisors would have to help clients manage spending expectations as well as investment performance.
"The questions won't be, 'How did I do against the S&P 500?'" he told the news agency. "It's, 'Can I meet these liabilities?'"
About the Author
Danielle Andrus, AdvisorOne
Danielle is the managing editor of Investment Advisor magazine. She has been a part of the publishing industry since 2006, covering the advisory industry since 2007. Danielle has a BA in Economics from the University of California, Santa Cruz, and is a member of the Society of Professional Journalists.
Comments
